Business, Companies, 27th Nov 2017, News & Stories from India

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Business Companies 27 Nov 2017

Business, Companies, 27 Nov 2017

Commerce and Industry Minister Suresh Prabhu has asked the industry to set a timeline for achieving a USD 1 trillion in manufacturing revenue and take its share in GDP to 20 per cent. (File Photo)

Prabhu asks industry to set USD 1 trillion target for manufacturing sector

The Manmohan Singh government had set a target of taking manufacturing in GDP share to 25 per cent by turn of 2025.

27 Nov 2017 6:19 PM

Essar Group on Monday announced the closure of its BPO arm Aegis sale for Rs 2,000 crore. (File Photo)

Essar concludes Aegis sale for Rs 2,000 crore, says it's able to cut debt

The company announced the conclusion of the Rs 2,000-crore sale of Aegis to Capital Square Partners (CSP).

27 Nov 2017 4:35 PM

Uber executives are travelling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm’s reputation, its Asian head said on Monday. (Photo: AFP/Representational)

Uber executives travel world to reassure regulators as controversies strike

A stream of executives have left Uber amid controversies involving sexual harassment, data privacy and business practices in Asia.

27 Nov 2017 4:00 PM

Oil Ministry has identified 15 producing oil and gas fields of ONGC and Oil India Ltd for handing over to private firms on the premise of raising output.

ONGC officers seek PM intervention to stall Oil Ministry's move

ONGC is investing heavily in new technology and processes to improve recovery from the ageing fields.

27 Nov 2017 3:20 PM

Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying by consumers due to high prices in the overseas market.

'Coal import may see further dip on self-sufficiency push'

Import of coal declined 6.37 per cent to 191.95 million tonnes in 2016-17.

27 Nov 2017 2:00 PM

Company's power transmission and distribution business and building and factories business won orders worth Rs 595 crore and Rs 355 crore, respectively.

L&T's construction arm bags orders worth Rs 3,572 crore

Shares of company were trading 0.87 per cent higher at Rs 1,226.90 apiece in morning trade on BSE.

27 Nov 2017 10:38 AM

Adani coal mine could be complicated by a position taken by Labor during campaign to block any financing of related infrastructure.

Adani hopes for govt coal mine loan fade after Australian election

Adani is also seeking A$2 billion in outside financing to construct the first stage of the mine.

27 Nov 2017 10:13 AM

The low cost carrier (LCC) will use an 18-20 seater aircraft to carry out the operation. (Photo: AFP)

Air Deccan ready for 'UDAN' from Northeast in December

Under the Centre's UDAN scheme, air fares are capped at Rs 2,500 per person for an hour's flight.

27 Nov 2017 8:56 AM

The ministry said a total of 7,556 companies were registered this October compared to 6,542 firms in the year-ago period.

Over one-third of 17 lakh registered companies out of business

As clampdown on suspected firms rise, the number of active firms dip to 11.30 lakh.

27 Nov 2017 12:56 AM

Ramesh Nair, CEO, JLL India. (Photo: YouTube)

Infrastructure status to aid growth in new cities

India is already home to leading industries such as automotive components, pharmaceuticals, cement, textiles, FMCG, and e-commerce.

27 Nov 2017 12:18 AM

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Dilip Cherian